PETROL PRICES NOT FALLING AS OIL PRICE CRASHES


Oil Prices have continued to fall in recent weeks, yet the price of petrol has hardly moved from near $1.54 a litre in New South Wales, Australia. The Australian dollar has also tumbled, but even allowing for this the price of petrol should be considerably lower than it is.

Newspaper reports say that we may need to wait another 3 weeks before we see any worthwhile drop in petrol prices in Australia – yet how soon do we see the price of fuel rise when the oil price goes up. I think this would be what we term petrol price gouging.

Australians should be paying closer to $1.20 to $1.30 a litre rather than that which we are paying currently.

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One thought on “PETROL PRICES NOT FALLING AS OIL PRICE CRASHES

  1. This problem is not only in Australia. The same thing happened in Asian Countries (so I’ve heard). A lot of transport groups and the public is also calling for a roll back on all price increase such as merchandise goods, petrol prices, and transport fees. I think the oil companies need to explain why they are not still rolling back

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